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RESOLUTION NO. ,5ZS- 2
<br />A RESOLUTION AUTHORIZING THE TEMPORARY TRANSFER
<br />OF IDLE FUNDS OF THE CITY OF SOUTH BEND, INDIANA
<br />FROM THE CUMULATIVE SEWER BUILDING AND SINKING,
<br />CUMULATIVE CAPITAL IMPROVEMENT, LOCAL ROADS AND
<br />STREETS, FEDERAL ASSISTANCE GRANT FUNDS AND
<br />WASTEWATER GENERAL FUND, TO THE CORPORATION
<br />GENERAL, PARK MAINTENANCE, POLICE PENSION, FIRE
<br />PENSION, REDEVELOPMENT, HUMAN RELATIONS AND
<br />FAIR EMPLOYMENT PRACTICES COMMISSION FUNDS, ALL
<br />FUNDS BEING WITHIN THE CIVIL CITY OF SOUTH BEND,
<br />INDIANA.
<br />WHEREAS a necessity exists to provide funds for the
<br />Corporation General, Park Maintenance, Police Pension, Firemen
<br />Pension, Redevelopment, Human Relations and Fair Employment
<br />Practices Commission Funds prior to the receipts of taxes in the
<br />year 1977, in order to meet the current operating expenses of
<br />the City, provided for in the budget and appropriation adopted
<br />for the year 1977, which expenses must be met prior the the receipt
<br />of taxes in the year 1977, and
<br />WHEREAS, there are monies on deposit to the credit of
<br />various funds of the City, to -wit: Cumulative Sewer Building
<br />and Sinking, Cumulative Capital Improvement, Local Roads and
<br />Streets and Federal Assistance Grant Funds which can be tempor-
<br />arily advanced or transferred to the various funds already
<br />mentioned, and
<br />WHEREAS, Chapter 71 of the Acts of 1961 of the Indiana
<br />General Assembly authorized the Common Council of the Civil City
<br />of South Bend, by Resolution adopted by such Council, to advance
<br />and transfer to a depleted fund from any other such fund, such
<br />amount and for such period of time as may be prescribed in the
<br />Resolution,
<br />NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL
<br />OF THE CITY OF SOUTH BEND, INDIANA:
<br />SEC_TI_ON I. That the City Controller of the City of
<br />South Bend is authorized to transfer an aggregate amount not to
<br />exceed $3,000,000.00 to various funds from various other funds
<br />as listed below. The aggregate amount of $3,000,000.00 to be
<br />distributed so as not to exceed at any one time the maximum
<br />amounts as set forth below. Any such transfers made must be
<br />repaid by December 31, 1977:
<br />From: Maximum To: Maximum
<br />Cumulative Sewer
<br />Building and Sinking
<br />Fund............ $750,000.00 Corporate General ...... $1,825,000.00
<br />Local Roads and Park Maintenance Fund.. 500,000.00
<br />Street Fund..... 500,000.00
<br />Police Pension Fund.... 250,000.00
<br />Federal Assistance
<br />Grant Fund...... 750,000.00 Fireman Pension Fund... 250,000.00
<br />Wastewater Gen- Cumulative Capital
<br />eral Fund ...... 1,000.000.00 Improvement Fund....... 150,000.00
<br />$3,000,000.00 Human Relations and
<br />Fair Practices
<br />Commission Fund........ 25,000.00
<br />$3,000,000.00
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